Coca - Cola HBC

Athens-listed Coca-Cola HBC is looking forward to even greater growth rates after 2023, with investments in new products that will serve the 24/7 strategy (products for all hours of the day and all days of the week), through capitalizing on the data it attaches great importance to, and by optimizing its performance at each point of sale.

The main index at the Greek bourse cleared the 1,100-point bar with relative ease on Friday, ending a week of gains and moderate trading volume. This last session of the week showed price growth across the board in what was the fourth consecutive day of gains for the benchmark.

Coca-Cola HBC on Wednesday announced higher organic revenue growth of 22.2% in the first quarter, excluding Russia and Ukraine.

The company said that a price mix led revenue growth as it took decisive actions to mitigate cost inflation.

Volume growth in sparkling, energy and coffee drinks was offset by declines in stills, driven by an anticipated weakness in water.

Wednesday's session at the Greek stock market bore a great resemblance to Tuesday's, only with significantly greater gains upon closing after the late rally that banks staged in the closing auctions. Once again the benchmark closed higher and the majority of stocks suffered losses, given also the drop recorded by mid-caps. The 1,100-point mark is now within reach for the main index.

Olympic Brewery, the Greek subsidiary of the Carlsberg Group, is planning for investments of 20 million euros in 2023-24.

Mid- and small-caps on Wednesday served to maintain the upward trajectory of the Greek bourse benchmark, which completed its sixth consecutive session of expansion, albeit marginally, despite blue chips and bank stocks heading south.

The late decline mainly by bank stocks led the benchmark of the Greek bourse to moderate losses on Wednesday, although the majority of stocks posted gains. The low turnover revealed that many investors chose to sit the session out in anticipation of the decisions by the central banks of the US and Britain.

The only way was up on Thursday for most banks after Wednesday's decline, with the credit sector (although not Piraeus Bank) carrying the rest of the stock market to significant gains - albeit not as impressive as some highs recorded during the course of the session. Turnover also headed higher - another encouraging sign.

Greece's stock market matched the picture on most other eurozone bourses on Monday with gains secured on relatively thin trade. The Greek market will try to benefit from the desire of certain investors to take some calculated risks as Europe tries to emerge from the health crisis and Italy is close to forming a new government.

The Greek stock market's lowest trading volume of the last 13 sessions saw the benchmark suffer moderate losses on Thursday after three days of gains, as traders again appear reluctant to commit themselves to purchases until the picture regarding the coronavirus tempest clears.